The Fiscal Confidence Index tracks Americans' views on our fiscal and economic condition and the progress of elected leaders in addressing it.| Peterson Foundation
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“As Washington faces the challenge of keeping the government open as well as rapidly rising debt levels into the future, voters are increasingly concerned about our nation’s fiscal challenges,” said Michael A. Peterson.| Peterson Foundation
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.| Peterson Foundation
Tax breaks totaled over $1.9 trillion in 2024. That’s more than the government spends on Social Security, defense, or Medicare and Medicaid.| Peterson Foundation
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If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.| Peterson Foundation
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Here are the top ten spending categories for the federal budget.| Peterson Foundation
CBO’s latest projections come at a key time, as lawmakers will be faced with a range of critical fiscal decision points in the coming year. Here are seven takeaways from the report.| Peterson Foundation
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.| Peterson Foundation
Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.| Peterson Foundation
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A well-designed benefit reduction policy would improve the equitability by better balancing the payouts between low- and high-income earners, say proponents.| Peterson Foundation
What is the total national debt? What is the debt per person? See the latest numbers and learn more about the causes of our high and rising debt.| Peterson Foundation
America's fiscal challenges are serious, but they can be solved. We work to build support for solutions to put America on a sustainable fiscal path.| Peterson Foundation
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Interest costs are on track to become the largest category of spending in the federal budget.| Peterson Foundation
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“Unfortunately, the Senate reconciliation bill would add trillions of dollars in red ink to our already unsustainable national debt."| Peterson Foundation
America’s fiscal health and economic strength are closely linked. Learn more about the drivers of our national debt and its economic impact.| Peterson Foundation
The CTC is designed to make raising children more affordable by easing the financial burden faced by families.| Peterson Foundation
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The bill would increase debt by $3.0 trillion over the next 10 years, driving it from nearly 100 percent of GDP now to 124 percent of GDP by 2034.| Peterson Foundation
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"Voters understand that the Moody’s downgrade is not a good sign, and adding more trillions to our national debt with new legislation would only take things in the wrong direction," said Michael A. Peterson.| Peterson Foundation
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Republicans in Congress are considering several new tax cuts that would reduce federal revenues by trillions of dollars over the next decade.| Peterson Foundation
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High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.| Peterson Foundation
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